turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Is there anyone I can talk to about being taxed too much on my paycheck?

I'm being taxed nearly 300  every paycheck and I'm going to college and I need that money, I need to talk to someone about it
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

Is there anyone I can talk to about being taxed too much on my paycheck?

Did you fill out a W-4 for your employer to show them how much to withhold from your paychecks?   $300 does not mean much to us since we do not know if you are being paid weekly, monthly or what.   If you have too much tax withheld you will be able to seek a refund when you file a 2021 tax return.  

 

If too much is being withheld right now, you can fill out a new W-4 for the employer and ask to have less withheld.

 

https://ttlc.intuit.com/community/tax-topics/help/what-to-know-about-the-new-2020-irs-form-w-4-emplo...

 

https://www.irs.gov/pub/irs-pdf/fw4.pdf

 

 

https://www.irs.gov/individuals/tax-withholding-estimator

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Is there anyone I can talk to about being taxed too much on my paycheck?

I did fill out a W-4 when I first started, and I get payed weekly, but I didn't know if a W-4 would change it since I don't have any dependents?

Is there anyone I can talk to about being taxed too much on my paycheck?

You may be able to reduce the federal or state withholdings  but  filling in a W-4 will not reduce SS & Medicare taxes or any other reductions like insurance or 401K contributions.   Talk to someone in payroll at your job and see about filling in a new W-4 form. 

 

Use the Tax Withholding Estimator on the IRS web site to figure out what you and your husband should each put on the W-4 forms that you give to your employers. It's much easier than using the worksheets on the form. It will let you adjust your withholding to get the approximate refund amount that you want.


Tax Withholding Estimator

Is there anyone I can talk to about being taxed too much on my paycheck?


@pike-rebeccagrac wrote:

I did fill out a W-4 when I first started, and I get payed weekly, but I didn't know if a W-4 would change it since I don't have any dependents?


You need to identify your taxes.

OASDI is social security, that's 6.2% and does not change, you never get it back.  

There is an additional Federal Medicare tax, that's 1.45%, and you never get it back.

OASDI and FICA might be lumped together as "FICA" at a rate of 7.65%.

 

Then there is federal tax withholding.  This can be adjusted by your W-4, and if you have too much withheld, you get the difference back as your tax refund.  And there is state withholding, there will be a state form for this similar to a W-4, and again, if you have too much withheld, you get the difference back as your tax refund.

 

State withholding might be 3-10% depending on your state and your income.

 

Federal withholding might be 5-25% depending on your income level.

 

We can't tell you about any other paycheck deductions, you have to ask your employer.

 

If we imagine that you work 30 hours a week for $15/hour, your gross pay would be $450.  If you are single with no dependents, you should see $35 for social security and medicare and about $25 for federal income tax.

 

Possibly your employer made a mistake entering your W-4 into their computer.  You can always give them a new one.  You can use this IRS calculator to adjust your withholding. https://www.irs.gov/individuals/tax-withholding-estimator

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question